Business, 15.04.2020 19:06 Dkhaurithompson

Aggie Company is going to trade-in an old piece of equipment for new equipment.

The following is information concerning the purchase:

List Price: $65,000
Down Payment: $6,000
Term: 5 years Interest Rate: 8%
Payments: Quarterly
Trade-in value $10,000

Determine the amount of the quarterly payment. Select one:

a. 6,595
b. 12,271
c. 2,997
d. 3,608
e. 10,397

Answers: 3

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Aggie Company is going to trade-in an old piece of equipment for new equipment.

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